What are the Top Meme Coins in the Philippines in 2023?
Meanwhile, the top three meme coins globally are Shiba Inu (46.7%), Baby Doge Coin (12.3%), and Pepe (9.4%).
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Editing by Nathaniel Cajuday
- According to a report from CoinGecko, the Philippines ranked fourth globally in terms of meme coin interest. The data shows that 5.39% of Filipinos surveyed are interested in investing in and holding meme coins.
- The top meme coins in the country are Floki, Shiba Inu, Baby Doge Coin, Bonk, and Pepe.
- Meanwhile, the top three meme coins globally are Shiba Inu, Baby Doge Coin, and Pepe.
In 2023, the Philippines ranked fourth in the world in terms of interest in meme coins, according to a report by CoinGecko. As per the data, 5.39% of Filipinos surveyed are into investing and holding meme coins.
Read the memecoin series on BitPinas:
- (Newsletter) Why Filipinos Love Memecoins
- ALMOST AS FAST AS BINANCE: Coins.ph Lists Pepe, Floki
- In Meme We Trust: Philippines Weekly Crypto Roundup: May 8, 2023
- How ChatGPT Helped Turbo Memecoin Rocket to $75M Market Cap
Top Meme Coins in 2023 in the Philippines, as per Coingecko
Floki
Floki is a multi-chain token, allowing it to be used on the Ethereum and Binance Smart Chain (BSC) platforms. It was created in August 2021 as a meme-inspired tribute to Elon Musk’s Shiba Inu dog, Floki.
It was one of the top crypto gainers in the market last week, on April 28, 2023.
26.7% of the meme coin interest in the Philippines has been generated by Floki.
Where to buy $FLOKI in the Philippines:
- Houbi Global
- PancakeSwap
- Coinbase
Shiba Inu
Shiba Inu was created in August 2020 as an Ethereum-based ERC-20 token inspired by the popular Dogecoin cryptocurrency. It is named after the Shiba Inu, the dog breed in the Dogecoin logo. It is used as a native currency by several decentralized exchanges (DEXs) and other dApps.
In 2021, it was named the most discussed cryptocurrency on Twitter during the month of October, according to ICO Analytics, a platform focused on new coin news and analysis.
Currently, SHIB is down by -11.2% for the last 30 days.
Where to buy $SHIB in the Philippines:
- Binance
- PDAX
- Coins.ph
- OKX
- Bybit
- Kucoin
- Kraken
- Bittrex
- Gemini
- Crypto.com
- Houbi
- Coinbase
- Bitstamp
Bonk
Bonk is a Solana-based meme coin, it was launched in late 2022. The coin was modeled after Shiba Inu (SHIB). According to its website, the dog coin on the Solana blockchain was “created by the community, for the community.” During its launch, 50% of the total supply has been airdropped to the Solana community.
Filipinos’ level of interest in Bonk is 17.8%. For the last 30 days, Bonk’s value decreased by -9.9% and is currently priced at $0.000000563924.
Where to buy $BONK in the Philippines:
- Coinbase
- BingX
Baby Doge Coin
Baby Doge is a meme-based cryptocurrency that was introduced in 2021 and bears similarities to Dogecoin and Shiba Inu. It launched with a total supply of 420 quadrillion tokens. The primary feature of Baby Doge Coin is a 10% transaction fee applied to every trade (selling 1 million BABYDOGE would result in a $100,000 transaction fee). This fee is then split equally, with 5% going to all current holders of Baby Doge Coin, while the remaining 5% is utilized to provide liquidity for trading purposes.
Where to buy $BABYDOGE in the Philippines:
- PancakeSwap
- OKX
Pepe
Pepe drew inspiration from the popular “Pepe the Frog” internet meme, created by the artist Matt Furie. The token currently has 420 trillion coins in circulation.
Where to buy $PEPE in the Philippines:
- PancakeSwap
- UniSwap
- Houbi
CoinGecko noted that Filipinos are “keeping an eye on the less well-known meme coins instead of aping those that are already trending.”
Leading Countries in Memecoin Craze 2023
Meanwhile, the top three countries showing interest in meme coins are the United States, India, and the United Kingdom. They have a significant lead over other countries, with 23.58% of crypto enthusiasts in the U.S. being fans of meme coins, followed by India at 20.31% and the UK at 16.35%.
The other countries to top the study were Nigeria (4.92%), Australia (3.66%), New Zealand (3.54%), Canada (2.37%), Malaysia (1.55%), and Morocco (1.22%).
“These top 10 countries represent a diverse mix of regions and economic development, indicating that meme coins have a global appeal and popularity. In total, the top 10 countries leading the meme coin craze in 2023 make up 82.9%, or the majority of interest in the speculative assets,” CoinGecko noted.
Top 3 Meme Coins of 2023
Shiba Inu
Shiba Inu is the most popular meme coin in the U.S., accounting for 60.7% of interest in the country. It is also the most popular coin in India, driving 55.8% of interest, while in the Philippines, the meme coin was only 2nd to the most popular with 18.3%. Overall, Shiba Inu is the most popular meme coin globally, driving 46.7% of interest among the top meme coins.
- Current price: $0.00000997
- Price change in the past 7 days: -3.2%
- Market cap: $5,878,098,239
- Trading volume: $108,810,709
Baby Doge Coin
According to CoinGecko, Baby Doge Coin generated a relatively high 29.9% interest in meme coins among Indian crypto enthusiasts. In the Philippines, it received a 12.7% share of meme coin interest. Overall, Baby Doge Coin generated 12.3% of meme coin interest.
- Current price: $0.000000002415
- Price change in the past 7 days: -13.8%
- Market cap: $378,160,017
- Trading volume: $6,862,445
Pepe
As per the data, Pepe was responsible for 11.8% of meme coin interest in the US, and it captured a 10.2% share in the Philippines. In Canada, Pepe was the most popular meme coin, accounting for 26.9%. Globally, Pepe captured 9.4% of overall meme coin interest.
- Current price: $0.00000196
- Price change in the past 7 days: +618.9%
- Market cap: $825,958,009
- Trading volume: $645,444,843
What is a Meme Coin?
Unlike native coins or alternative coins (Altcoin), meme coins are a type of cryptocurrency that is created as a joke or meme, often based on popular internet memes or trends which are most of the time produced as a parody or satire of traditional cryptocurrencies. The value of meme coins primarily depends on their popularity and the level of social media hype they generate, rather than any significant underlying technology or utility.
This article is published on BitPinas: FLOKI, SHIB, BONK, BABYDOGE, PEPE Are Top Meme Coins in PH in 2023
Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.
